For sale is the BARE OWNERSHIP of a 3-bedroom Corner Semi-Detached House in a wonderful south facing location. Our clients who are male 80 & female 81 years old reserve the right to use and enjoy the property for the rest of his life.
What does this mean?
This property offers a unique chance to acquire ownership through Nuda Propiedad, a concept meaning "bare ownership." Here's how it works:
You purchase a portion of the property's ownership at a discounted price compared to the market value.
This creates two ownership rights:
Usufruct: The seller retains the right to live in and use the property for their lifetime.
Bare Ownership (Nuda Propiedad): You acquire ownership of the property itself but cannot occupy it until the usufruct period ends.
Once the usufruct period expires , full ownership, including occupancy rights, will transfer to you.
This approach allows you to invest in the property's future value at a reduced cost, while the seller enjoys continued use of the property. It's a great way to enter the property market or invest for the mid term.
About this Property
A magnificent 3-bedroom Corner Semi-Detached House in a wonderful location, situated in Torrevieja, Spain. The property comes to the market, offering amazing comfortable living and convenience. The property is presented in outstanding condition.
This is a beautifully designed house with ample space for a family of 6
This property benefits from:
Lovely Lounge
Fully fitted kitchen
3 Bedrooms, 1 currently used as a dining room
1 extra bedroom on the roof solarium with access to shower/utility room
Two bathrooms with separate shower cabins.
Downstairs WC
All decorated and in an excellent well kept condition
All the rooms are airy and ventilated with natural daylight.
Rear garden fully tiled
The property has 2 solariums and open terrace.
Set in a communal garden area of urbanization with the use of 3 swimming pools
Community fees are just €180 per annum!
Unlimited off-street parking just outside the house.
Short walking distance from the beach
Both buyer and seller benefit from legally sound contracts, officially signed and registered with a Spanish public notary and the Land Registry.
In addition to the purchase price, the buyer pays Property Transfer Tax, notary fees, Land Registry fees.
